6 Most Important Things in Business Today

By Douglas A. McIntyre Updated Mar 13, 3:54PM EDT · Published Oct 2, 4:56AM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

6 Most Important Things in Business Today — © courtesy of Starbucks Corp.

Alphabet Inc.’s (NASDAQ: GOOGL) Google will start programs to help publishers sell subscriptions, according to The New York Times.

Si Newhouse, owner of Conde Nast, one of the nation’s largest magazine publishers, died, opening the question of what will happen to a company he has run for over 40 years.

Starbucks Corp. (NASDAQ: SBUX) closed its online store in favor of serving its customers strictly via brick-and-mortar locations.

According to Reuters, Facebook Inc. (NASDAQ: FB) will give Congress a large number of Russian ads:

Facebook Inc. said it plans on Monday to turn over to the U.S. Congress copies of some 3,000 ads that the social network says were bought on Facebook likely by people in Russia in the months before and after the 2016 U.S. election.

Last month, in response to calls from U.S. lawmakers, Facebook Chief Executive Mark Zuckerberg pledged to hand over the ads to congressional investigators who are looking into alleged Russian involvement in the U.S. presidential election, but he had left the timing unclear.

[nativounit]

Federal Emergency Management Agency (FEMA) got $6.7 billion more for hurricane relief. According to CNNMoney:

The Federal Emergency Management Agency just added another $6.7 billion to its coffers to help with hurricane relief.

The money was expected. Sunday kicked off a new fiscal year and brought a new round of funding for the agency.

But it also comes at a crucial time for the federal government’s disaster response arm. FEMA has been responding to the aftermath of three major hurricanes that have hit the United States and its territories in the past six weeks: Harvey, Irma and Maria.

The three storms devastated Texas, Florida, Puerto Rico and the U.S. Virgin Islands, along with other parts of the Caribbean.

According to The New York Post, plans by the family that controls Nordstrom Inc. (NYSE: JWN) to take it private may have failed. The paper reports:

Discussions to take Nordstrom private are in danger of falling apart.

The family behind the Seattle-based retailer — which stunned Wall Street in June when it announced it was exploring a possible buyout — has since struggled to cobble together the financing and may not be able to close the deal, estimated to be worth upwards of $10 billion, sources told The Post.

Jitters about dwindling mall traffic dogged discussions throughout the summer, but the surprise bankruptcy filing of Toys ‘R’ Us on Sept. 23 added to the anxiety among lenders and the Nordstroms alike, insiders said.

[wallst_email_signup]

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.